Former Tottenham defender Ramon Vega spurred on for Fratton Park bid

Ramon Vega, the former Tottenham and Switzerland defender, could be the new owner of Portsmouth by the end of this week.

Vega, 37, who has interests in building companies and investment firms, has emerged as a leading contender to buy from current owner Alexandre Gaydamak.

The Portsmouth hierarchy met Vega on two separate occasions in recent weeks.

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Making the call: Former Spurs and Switzerland defender Ramon Vega could become the new owner of Portsmouth

Selling up: Alexandre Gaydamak is keen to quit

Gaydamak completed the buy-out of former chairman Milan Mandaric for £32million in the summer of 2006 and is expected to accept an offer in the region of £60m for last season's FA Cup winners.

The club are also looking for a new manager after parting company with Tony Adams last week following a dismal run of results.

Caretaker boss Paul Hart led them to victory over Manchester City on Saturday, but both Sven Goran Eriksson and Avram Grant have been strongly linked with the post.

When asked whether he thought he could return to the Premier League, Grant told Sky: 'It is my first priority, but in life you don't know what will happen tomorrow. Portsmouth was my first club when I came to England.'

Eriksson is also keen but any move for the ex-England coach, currently in charge of Mexico, would require Pompey to pay compensation to the Mexican Football Federation.